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>>> japanese and chinese officials can't agree on what if anything happened between their defense forces on the high seas that created high tension. >>> u.s. transportation investigators say flawed battery design could be behind the problems of the 787 dreamliner as the manufacturer wins approval for test flights. >>> and a new type of bullet train is racing along the rails in japan. the latest has upgrades that enhance safety in the event of an earthquake. >>> i'm gene otani in tokyo. welcome to "newsline". japanese and chinese leaders are locked in a back and forth debate that appears to be going nowhere. china defense ministry issued a statement denying reports that they used fire-control radars in the east china sea. the statement refers to two separate incidents on january 19th. it admits crews on chinese frigate tracked a japanese helicopter because it approached their vessel. in the second case on january 30th the statement says a chinese ship monitored a destroyer that was following it at close range. but the statement denies chinese crews used fire-control radar in either
cuts and reforms that protect our national defense. that's why republicans have passed budgets in each of the last two years and will pass another one here in the coming weeks. we believe there is a better way to lower the devers, but americans do not -- to lower the deficit, but americans do not support sacrificing real spenged cuts for more tax hikes. the president's sequester should be replaced with spending cuts and reforms that put us on a path to balance a budget over the next 10 years. the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. combination of revenues and spending cuts, and they know he's gotten his revenue. the american people do not believe the president will use further tax revenues to lower the debt. and haven't seen this president attempt to spend his way into prosperity over the last four years, they know he'll spend it. the president doesn't believe we have a spending problem. he general winly believes the government -- genuinely believes the government spending causes economic gr
, outgoing defense secretary leon panetta and general martin dempsey, testify about the benghazi, libya attack. and then a discussion on the federal response to soldiers with post dramatic stress disorder. and later, president obama and congressional leaders speak at the fellowship foundation's prayer breakfast. testified about the attack thon u.s. consulate in benghazi, libarch that killed ambassador stevens and three other americans. the pentagon never received the request from the state academy for security, and did not have the resources to get support on the ground in time to thwart the attackers. leon panetta is stepping down. this hearing is four hours and 15 minutes. [inaudible conversations] [inaudible conversations] >> good morning, everybody. today the committee welcomes secretary of defense, leon panetta, and the chairman of the joint chiefs of staff, general martin dempsey. to testify about the department of defense's response the deadly terrorist attack on the u.s. temporary mission facility in benghazi, libya, last year. and the findings of its internal review following t
in washington are no more defensible than the path of wasteful and a responsible spending we've been on for decades. working families should come first. everyone agrees a fairer, simpler tax code would get all of us more time. in the attempt to make the tax code simpler, we must continue to demonstrate support for young parents who invest in having kids and raising a family. because after all, they are america's most valued investors. in 1997, republican congress created the child tax credit specifically to help ease the financial burden of families raising children. in 2001, it was expanded. such a policy helps to limit the size of government and results in fewer americans looking to the government for support. now leading up to april 15, families will be besieged by concerns over their taxes. but it's health care and the concern for a healthy family that always worries parents most. most americans have come to expect the best health care in the world, but there's no doubt that our current system is too complex and too costly. president obama's health care law resulted in higher pre
, the secretary of defense revealed after five months that while four americans died tragically, president obama and hillary clinton were awol and the defense department and the joint chiefs of staff were apparently unable to do anything to save our boys. tough story. we'll talk about it. "the kudlow report" begins right now. >>> first up the big story this evening. the northeast getting pounded with snow. nbc's jay gray is in boston, and that's still expected to be where the worst of it will happen. jay, governor patrick in massachusetts ordered all cars off the road at 4:00 p.m. today. does it look like people are following that order? >> reporter: hey there and good evening from boston. yeah, for the most part it looks like people are complying with that order to stay off the roadways. from our vantage point over the last couple of hours all we've seen are plows, sanding trucks and emergency officials out. that's good news. it means people are listening. they're inside their homes and trying to ride this storm out. look, this may be the hardest-hit area in this blizzard. forecasters saying we
to the same committee room that we will take you to now. we went there to hear defense nominee chuck hagel's testimony. they will come in soon. a little bit later, at 2:30 p.m. in the senate intelligence committee, john brennan's confirmation will be life. you see senator mccain. you have the ranking for the senate armed service committee. this should begin in a second. let us watch. we will cavill and to hear from defense secretary leon panetta and general martin dempsey about the attack on the u.s. consulate in benghazi that resulted in the death of four americans. one week ago today, this committee heard from senator chuck hegel -- hagel to be the next defense secretary. the center of south carolina said he would put a hold on former senator hagel's nomination unless leon panetta agreed to testify. this is the first of two harris we will show you today. this and later this afternoon, the confirmation hearing for cia director nominee, john brennan, currently the counter-terrorism chief. >> good morning, everybody. we welcome secretary of defense leon panetta and the chairman of the joint
coverage at 3:45, a farewell ceremony for outgoing defense secretary leon panetta. that it will be held at fort myer, virginia, and will include remarks from president obama and general martin dempsey. he said he will step down from his post once his successor is confirmed. for the time being, waiting here as secretary of state john kerry and the canadian foreign minister take the podiums. we are here at the state department waiting for secretary of state john kerry and the canadian foreign affairs minister john baird to hold their joint press conference. they have been meeting here, and talking about various issues, including the keystone xl will pipeline going from canada through the united states. got a little behind schedule. we will have more live coverage this afternoon at 3:45 as defense secretary leon panetta has a farewell ceremony attended by the president and also the joint chiefs of staff chairman, and we will bring that to you at 3 caught 45. while we wait for secretary kerry to appear, which the canadian of foreign affairs minister, we will look at a program from earlier w
russia following an incident in the air. defense ministry officials say two russian war planes violated the country's air space on thursday. they say it happened just before 3:00 p.m. southwest of rishiri island off hokkaido. air self defense force commander scrambled four fighter jets. the russian aircraft left japanese air space after about a minute. officials immediately launched a protest with the russian embassy in tokyo. they are calling for an investigation. russian authorities say they will confirm the details. foreign ministry spokespersons say this is the first time in five years russian aircraft have violated japanese air space. >>> the head of the all-japan judo federation wants to clear the air. he will brief officials on a scandal that's tarnished a sport that started in japan. coaches physically abused members of the women's national team. 15 team members filed a complaint with the japanese olympic committee. they said coaches engaged in violent behavior in training, such as slapping wrestlers in the face. the head coach and the director of technical development have resi
next month. this despite objections from the defense attorney saying it would violate his right to a fair trial. holmes is accused of killing 12 people at an aurora, colorado, move very theater last july. jenna: to your wallet. gas prices are on the rise again of the experts say they could go even higher. aaa says the average price of a gallon of gasoline is $3.5. what is important is not that number. the fact over the last week, gas prices have gone up 1 cents. it is the biggest weekly price gain in two years! so what is going on here? phil flynn, senior market analyst at price futures group, a fox business network contributor. he knows what is going on most of the time. phil, it is not even summer. what is going on with this sneaky, sneak can i spike in gas prices? >> it is like a disaster movie. i'll tell you what, if you look around from coast to coast. we've had one problem after another, all con spiring to give us higher gasoline prices of the part of the problem is the weather in europe. usually in new york harbor we import gasoline from places like europe. it is so cold
the group and how they fit into the wider global terror network. >> the white house on defense over defense secretary nominee chuck hagel's explosive and contentious senate hearing. what are the chances that he'll get confirmed. >>> the dow closing above 14,000 for the very first time in years. will it continue? that's the big question. >>> but up first some brand new developments this out of alabama. that's where a 5-year-old boy remains hostage in an underground bunker. at this hour authorities sent a special message to the man holding him there, jimmy lee dykes. the standoff began five days ago when police say dykes kidnapped the boy from his school bus after shooting the driver. jonathan serrie is live at the scene in midland city, alabama. what's the latest? >> reporter: no resolution as the hostage standoff goes into a fifth afternoon. however, authorities say they are in constant communication with 65-year-old jimmy lee dykes communicating through the pvc pipe that provides ventilation from the surface to his underground bunker. authorities say they have no reason to believe that any
your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. >>> look, you can never be complacent about anything as big as wrenching economy that is still europe. i said they're not impacting us so far, but the measures put in place last year is still working. meaning that europe has shown a degree of stability and i don't want anyone to sell our stocks because of the declining economies there. that would be spain and italy as well as a potential for a real plunge that no one is looking
they're not behind the incidents. >>> the u.s. defense secretary says it could have had grave consequences. l leon panetta says it could inflame intentions. >> they have to be part of family of nations in that region working gether. >> panetta said the united states, south korea and japan will do everything possible to ensure their territories are secu secure. he called on china to avoid antagonizing other nations. the former secretary of state said u.s. officials oppose any unilateral moves aimed at undermining japan's control. >>> as north korea prepares to test another nuclear weapon, t south's top military commander has warned that yan may be trying to develop a hydrogen bomb. the chairman of south korea's joint chiefs of staff was speaking to parliament's defense committee on wednesday. he said the military believes pyongyang may detonated a boosted fission weapon, which has greater explosive power. he said the test may. last mth ia move agast nctis byhe u.n. serityouncil. the test may use highly enriched uranium and that pyongyang may even test two bombs simultaneously.
whether civil -- like, the regulatory actions against them. they base their entire defense -- and, by the way, this is not the first time they screwed up. liz: defensive aaa rating, horrible toxic -- >> orange county, aaa in orange county, new york city back before the fiscal crisis in the 70s, high ratings, and then the place blows up. there's millions, and many, many others. what was the defense? first amendment. this is merely an opinion. here's how the justice department goes at them. they show, listen, they issueded the conflicted ratings that violated their own corporate policies, that when -- the procedures of issuing ratings were violative of the policies and rely on court precedent that once you don't follow your own criteria, guess what? the first amendment defense fades away. liz: what was the criteria? >> we had dick larkin on before. dick work at standard and poors for two decades, knows about the internal workings. there's something about being inside the box and outside the box. you're not supposed to be a part of the deal. you're not supposed to be saying here's ho
. there were some who did. but you seem to be going with the defense that we've heard before, which is essentially, these were opinions, they might not have been good opinions, in fact, they were terrible, but nonetheless, that's all they were. fair to say? >> that's what they were. they were the opinions of s & p, reached at a committee level, cdo by cdo, and they were indeed identical opinions, if they had to be, with at least one other rating agency. because the cdos had three rating agencies on it. >> when the government says these were false representations on the part of s & p, they knew better and simply continued to do this because it was such a gravy train for them, notwithstanding $13 million in fees here, but larger case, what's your defense? >> the defense is that it's not true. the defense is that for all the internal debates, and for all the late night e-mails, the government read 20 million pages of e-mails, and you've seen the best that they can cull out of it is here, that for all of that, what was going on was an organization trying its best to come out with answer
building. >>> "outfront," brooks versus brooks. peter brooks, former assistant secretary of defense in the bush administration, rosa brooks, former assistant secretary of defense in the obama administration, pretty perfect, guys. rose sa, i want to start with you on this issue of language and what this country calls a terror attack and what it doesn't. obviously it appears after benghazi it was not as clear as it was today. i wanted to play an exchange that happened between state department folks person victoria nuland and a reporter a week after the attack on the american consulate in benghazi. >> does the united states government regard what happened in benghazi as an act of terror? >> again, i'm not going to put labels on this until we have a complete investigation. okay? >> you don't regard it as an act of terrorism? >> i don't think we know enough. >> all right, heroes sa is what jay carney said today about the attack in turkey. >> a suicide bombing on the perimeter of an embassy is by definition an act of terror, it as terrorist attack. >> it seems like that's a pretty direct
, it isn't good enough. i understand defense spending was down so ramp it up to 1.5%. still terrible. to me all of these arguments just fall flat when we can't get the horsepower the country's numbers to be better and that's with a small positive win on housing which at some point in 2012 hit its infliction point from taking away to adding into gd gdp. >> the issue that you have here -- the issue that you have here isn't the economy is at escape velocity. you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >> let get reaction on the visa numbers. joining me to talk more about that in terms of reaction is gill laurier of webbush. thanks for seeing you. >> thanks for having m
treasury prices are telling you really nothing right now. for instance, if you look at cyclicals, defensive, defensive, defensive all the past couple years. now the value play looks like it will be cyclical. basically the cyclicals trade at a pe multiple around 12%. defensive sectors under 14%. cyclicals are up 55% in the past five years and defensive up 24%. something looks out of whack. i think you will start seeing a move into cyclicals right now, maybe out of defensive sectors, if you will. i think that is trend we're going to see to keep continuing bull move. as it continues i don't know. there is reason why. that reason is the market doesn't trust the market or the movement because of the fed's sponsorship of this market. that scares people. it actually should. liz: tim, thank you for the warning. we appreciate it. we'll check in with you in just a few minutes to see how the s&p futures closed. >> sure. david: let's bring in the markets panel. we have ryan detrick and kevin get des. we have to give you, kudos, ryan. you were on in december, in mid-december we were on the edge of a big
, he is spushingpushing for his man to be the new secretary of defense. leon panetta was on "meet the press" yesterday commenting about chuck hagel's appearance last week in front of the senate foreign relations committee but first, leon defending hagel and said they weren't asking the most important questions. >> they talked a lot about post quotes. but what about when a secretary of defense is confronting today? what about the war on terrorism? the budget sequester? what about middle east turmoil? what about cyber attacks? all of the issue that con front a secretary of defense, we did not see enough time spent on discussing those issues and in the end, that's what counts. >> you are fully confident chuck hagel is prepared to take over? >> absolutely. >> bill: do you think he will get confirmed? what about tcmi hearing? i have seen chuck hagle. he used to be on crossfire. he is good under cross examination. >> let's talk about that. but yes, he is going to get confirmed. there are 55 democrats who are going to vote for him. two republicans have already
spending on defense really collapsed and helped bring down yesterday's gdp. >> yes, it did. >> so all the liberals are saying see, we told you so, if you cut spending, you're going to ruin the economy. do you believe that? >> no, not at all. government spending is taxation. milton always said it. the government redistributes resources. you can see it really clearly. two-person world, farmer a and farmer b, if farmer b gets unemployment benefits, who do you think pays for them, farmer a? you know, government spending is taxation. the reason we have the great recession is because of the government spending, not in spite of it. >> follow-up. it would be bullish for economic growth. >> yes, it would. >> but this is the argument i get. it shows up as a negative in the gdp accounts. at least some of it. >> you're right. >> so what do you do? do you just go on ahead and cut government spending? and let the gdp accounts do what they're going to do? >> the gdp accounts will grow better doing that. that's just the direct effect of spending there. but imagine if we had 100% of gdp on government
of national self-defense and not an illegal assassination. the issue first surfaced in september, 2011, when president obama announced the killing of american-born al qaeda leader anwar al-awlaki. he was the target of a u.s. drone strike in yemen. >> the death of al-awlaki is a major blow to al qaeda's most active operational affiliates. he took the lead in planning and directing effortings to murder innocent americans. >> reporter: u.s. officials say al-awlaki inspired the fort hood shooter in 2009 and the failed bombing of a detroit airliner that christmas among other attempted attacks. three other americans, including al-awlaki's 16-year-old son, have also been killed by u.s. drone strikes in yemen. civil liberties groups have said such attacks deprive u.s. citizens of constitutional due process protection. but white house press s.e.c. jay carney justified those actions today as legal, ethical, and wise. >> the questions around this issue are important and the president takes them seriously. we have significant challenges because of the nature of the attacks, how they're planned, who plan
of national self-defense and not an illegal assassination. the issue first surfaced in september 2011 when president obama announced the killing of american-born al qaeda leader anwar al-awlaki. he was the target of a u.s. drone strike in yemen. >> the death of al-awlaki is a major blow to al qaeda's most active operational affiliates. he took the lead in planning and directing effortings to murder innocent americans. >> reporter: u.s. officials say al-awlaki inspired the fort hood shooter in 2009 and the failed bombing of a detroit airliner that christmas among other attempted attacks. three other americans including al-awlaki's 16-year-old son, have also been killed by u.s. drone strikes in yemen. civil liberties groups have said such attacks deprive u.s. citizens of constitutional due process protection. but white house press s.e.c. jay carney justified those actions today as legal ethical and wise. >> the questions around this issue are important and the president takes them seriously. we have significant challenges because of the nature of the attacks, how they're planned, who plans t
on the bus and suffered severe injuries. the defense lawyer said his client had provided full identification of all five accused. the bus inside the lock up and various belongings. members of the victim's family spoke to the media. her brother says they are counting on the court impose and nothing less than the death penalty. >> we are not interested in the recommendations of the justice committee. we are only concerned about our case, and we want them hanged. then the indians have been demonstrating throughout the country for weeks to demand better treatment for women. the protests seemed to be working. the interior ministry has increased the penalty for rape to a minimum of 20 years in prison and approved the death penalty if rape victims are killed. >> it is the first visit by an iranian head of state. >> we go to cairo to learn more about the summit. ties between iran and egypt have improved since the revolution, but they still do not agree on how to solve the conflict in syria. in germany, citizens remain up in arms about the prospect of having to bail out failed banks and eu government
minister can remain in office with a blemish like this. >> in 2011, the then defense minister resigned after being stripped of the document for copying parts of his dissertation from other sources. it could be embarrassing for angela merkel i of one of her closest colleagues is now forced out under similar circumstances. >> how likely is that? for more now, we go to our political correspondent. how much of a blow is this to angela merkel and germany's political establishment in general, following the resignation, as we heard in that report, of the defense minister of the same type of fraud and deception? >> it is a blow, of course. at the moment, schavan is saying that the allegations of intention of plagiarism are not fair, that they are untrue, and that she will fight them in the courts, but the political damage has been done. the university has revoked her title. one can hardly imagine anything more embarrassing for an education minister. when she comes back from south africa at the end of the week, i suspect she will have a long, very hard talk to the chancellor. she realizes that
and maintain port facilities but india's defense minister has some questions about this deal. >>> defense officials worry the chinese are trying to increase influence in the indian ocean following similar efforts in the south china sea. >>> south korea's next leader is calling people to come together with strategies in dealing with north korea. military leaders in pyongyang are claiming to carry out another nuclear test. >> translator: now is the time for both ruling and opposition parties to unite and call on north korea to stop its reckless behavior. >> park met with the leader of the opposition democratic united party and the party, hwang woo-yea. they promised to work together. park will be sworn in later this month. she said further nuclear tests head of the ruling could hurt efforts by the south's new government to rebuild trust with the north. they're trying to use their influence with pyongyang. officials say wanted pass along the request that the north koreans exercise restraint and he reportedly dismissed the demands. >>> populous. prosperous. pushing ahead. china's rise brought
will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult to respond to the crisis in europe. >> reporter: the cuts were designed to be so painful they would force congress to come one a smarter way to trim the deficit instead but it didn't happen. house republicans poind out they passed a bill to replace the sequester with cuts to federal worker pay, food stamps and other programs. democrats say that puts the burden on poor and middle class americans to pay for debt reduction. >> remember the american people still believe by an overwhelming margin that the rich should contribute to this. >> reporter: republicans argue democrats have no plan for replacing the sequester beyond eliminating tax breaks for corporate jet owners and oil companies. >> these aren't real solutio
's defense ministry say that june 30th, a chinese frigate locked weapons targeting on a destroyer. the two ships were reportedly 3 kilometers apart. a japanese helicopter from another destroyer is also believed to have been a targeted by fire control radar from a different chinese frigate on january 19th. the ship was reportedly a few kilometers away. patrol ships of the japan coast guard are assigned to waters near the senkaku islands. china repeatedly sends its surveillance vessels into the area. >>> japan's prime minister is calling what happened at sea regrettable. shinzo abe says this kind of action could trigger unexpected consequences. >> translator: it's deplorable that china carried out this one sided provocative action. just as our countries were working towards holding talks to improve our strained ties. >> abe said he'll urge chinese leaders to prevent this kind of thing from happening again. he added he wants to china and japan to have a my tell relationship. a spokesperson for china's foreign ministry says its officials didn't know about the radar incident before japan launch
do it. but ray lewis and the defense came through and they won. so the championship, congratulations to them. >> and kaepernick actually did score a touchdown for the 49ers in the second half. and the tide was going with the 49ers. this super bowl will be remembered for ray lewis. 17 years an nfl player. this was his final game. he said he wanted to go out as a champion. not many sporting superstars have done it. pete sampras did it. "morning call" couldn't do it. ray lewis has done it. ray lewis has his second ring and the baltimore ravens go out as champions. >> i'm george al guya. the top stories this hour. a worldwide investigation into football match-fixing has found evidence hundreds of games including world cup qualifiers were rigged. scientists say a skeleton found under a car park in centralal england is almost certainly that of the 15th century king, richard iii. the british prime minister david cameron is hosting key talks on the afghan peace process involving the leaders of pakistan and afghanistan at his country retreat north of london. the talks are focusing on cross bo
of jobs in jeopardy from classrooms to the pentagon and defense contractors like lockheed martin which today announced hundreds of layoffs. mr. obama said damage can be stopped if only republicans will instead accept the white house final offer from last december, meaning of to $600 billion more tax hikes through cutting deductions plus cuts to medicare and other programs. >> my health care proposals to achieve the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowles and sent this commission which republicans were not amused the president added is live of and around this anti house majority leader eric cantor was delivering a big speech. specific spending cuts and no knew tax hikes to shut off the sequester. >> there is no greater moral imperative then to reduce the mountain of debt that is facing us, our children, and there's. >> white house officials say they have been specific about $350 billion in medicare cuts. when asked when the president does not meet the deadline for unveiling his budget for the third straig
for another short term fix to avoid the defense sequester, the congressional budget office out with a bleak outlook on unemployment, and we will be talking about that with a former cbo director here in just moments. on wall street today stocks rebounded from yesterday's sell-off. the worst of the year to date. oriole prices rising today for the best levels in more than six years, selling and a faster rate. the dow jones industrials up 99 points, s&p up 15 and a half holding above the 1500 level. the nasdaq gaining 40. volume on the big board, three nap billion shares. joe going private, the deal led by michael dell. microsoft lending $2billion to the deal. in the bond market today interest rates rose. the 10-year rising back above 2%. gold down $2.90 per ounce, oil up $0.47, pushing the price of a barrel of crude to 9664 system beginning of the year. risen almost $4 per barrel. as the price of crude has risen, of course, so as the price of a gallon of gasolin. aaa says the national average price of a gallon of unleaded is $3.503, the highest has ever been for this time of year. last year at
, and keep it short. so you have defensive protection. prices won't go down very much. keep your investments outside the united states, perhaps brazil or mexico are even italy, with higher yields as opposed to what we see in the united states. and ultimately, defensive-oriented bonds that can protect principle in addition to providing an interest rate that is acceptable. >> sie: waned to pickup o putting your money outside of the country, because you talked about australia, brazil, canada, but you're not a big fan of u.s. stocks. that's kind of interesting because it is coming at a time when individual investors, at least, are just getting comfortable about putting money back in the stock market. they're looking forward to an upside in the markets. you're not seeing much upside. 5% you say in u.s. stocks for this year? we've already done that in january. >> we have done that. we've got a 12-month return. one month, according to our forecast. were buish on stoc to the standpointhey can go up, if they can provide an attractive return relative to inflammation. 5% to 6%. but we suggest, relative
Search Results 0 to 49 of about 170 (some duplicates have been removed)